Talk of The Villages Florida - View Single Post - What does FIRPTA mean in a real estate listing?
View Single Post
 
Old 12-15-2009, 11:30 PM
BogeyBoy's Avatar
BogeyBoy BogeyBoy is offline
Gold member
Join Date: Mar 2009
Location: Hemingway
Posts: 1,064
Thanks: 6
Thanked 22 Times in 14 Posts
Default

Foreign Investment in Real Property Tax Act - a requirement to withhold taxes when the seller is a foreign national. Funds - 10% - withheld and sent to the IRS.
__________________
New York, California, Pennsylvania, Florida